tradable asset

Mamat Rohimat:
Every tradable asset for investment must have underlying assets as backed up value.

Underlying assets can be other assets, Business, or commodity.

While the Fiat Currencies which are not backed by any assets except government endorsement are widely critized. It is happen when The Fed abandoned Gold Backed Currency System.

The money previously is gold or silver called Dinar or Dirham, while for 1 dinar is equivalent of 4.25 Gram of gold,and 1 dirham is 2.975 gram silver.

The Central Banks then introduce gold backed Currency system and force citizen to put their gold under a gun threat! But, after that, the central banks abandoned Gold Backed Currency System, meaning the Currency will not be backed by any asset.

Based on this facts, some people also said that Fiat Currencies are scam! They take gold from citizen, give note, then note as Currency is not backed again.

Crypto Currencies are not backed by any asset for now. So, there is not underlying asset unless exchange rate based on speculative demand and supply.

To fix this, I introduce TheGreatCoin, a Crypto asset that will be backed by hard assets including companies, real estates or even gold, managed by an honest manager in a very transparent manner.

Mamat Rohimat
Founder TheGreatCoin

Bitcoin

Mamat Rohimat:
Here is my tweets in Twitter

The speculation of a utility token of Crypto Currency like BSV, $Waves, ETH comes from the speculation of future demand for the platform! Not for the intrinsic value.

Blockstream/ Lightning/ Liquid is actually like a platform. It creates utility token backed by BTC
@PeterSchiff

1. As long as @Blockstream @lightning and liquid Network only support native Currency in token that only be backed by Bitcoin BTC, BTC will still relevant.

It is like Tether or USDC, the fed doesn't angry as angry to Libra as it is only backed by USD.

2. The Fed or Senate give more pressure to Libra as it is like creating new currency, not only stable coin backed by USD. If it only issue stable coin backed by USD, it will be easier to be permitted by The USA

@facebook @TheFed @POTUS @APompliano

3. Based on this principle, only if lightning, Blockstream or liquid doesn't support exclusively to BTC, BTC can go to zero as it doesn't scale, doesn't have enough Utility

@adam3us @starkness

4. While the Blockchain BTC is not efficient to be used for small transactions, miners should have enough profitability to secure the Network. The BTC price should be pumped to higher level.

I believe, bitcoin BTC is perfect instrument for speculation today
@PeterSchiff

5. Maybe, this explanation can be compromise of many Crypto Currencies claims of their value proposition.

So, I think Bitcoin BTC, BCH, BSV can coexist as almost have unique value proposition.

Though BSV Community think BTC is not originally designed as stated in whitepaper

6. To defeat Bitcoin BTC to zero, BSV can only defeat it by pump BSV price at the same level of BTC, so the profitability of mining BSV will be much higher as huge volume, force miners of BTC or even BCH to switch and make the down to zero.
@CalvinAyre @Street5Wall

7. BTC will face total collapse if after miners switch to BSV, Blockstream, Lightning and Liquid also migrate to support BSV.

If Exchanges are also replace BTC to BSV as base pair trading, then BTC will almost go to zero.

BTC price is supported by thousands Exchanges

8. While @thegreatcoin depends on value stored in the system as well as utility. 75% of the token is used to store value as like ETF. While 25% is like forever of management fee.

@sasha35625 @PeterSchiff @novogratz @officialmcafee @cz_binance @elonmusk @WarrenBuffett

Mamat Rohimat

Founder TheGreatCoin

Bitcoin, Libra, TheGreatCoin

It is my comments to Peter Schiff on Bitcoin Challenge:

How to ask the question? Here is my comments:
1. Bitcoin is not for store value actually, it doesn't have intrinsic value,it is not backed up by underlying assets. So, the point is same with you
2. Bitcoin has value as it is being a speculation asset, people buy and sell it.
3. As long as people speculate using bitcoin through exchange, it has value through Exchange or selling it to other value.
4.Satoshi has created bitcoin as digital. Bitcoin is actually doesn't have intrinsic value as like Fiat Currencies.
5. I will talk more about Crypto asset and Blockchain. Let talk about Utility token of a platform like Eth, bsv, waves. As long as the platform is needed and has big ecosystem, there will be demand to use the platform.BSV is positioned to represent fee to store Data in Blockchain
6. The Blockchain is best place to store Data as it is immutable, can not be altered. So, BSV as the currency of the platform is valuable as long as many people use the platform to store Data like video, doc, file. Think like Google Drive, Amazon Cloud
7. Blockchain is also can create token, think like my token TheGreatCoin in Waves Platform. It is designed to be store value as it will be backed up by Companies, real Estates or even gold. TheGreatCoin represents the value of them. Think like ETF, Just the unit use token
8. Think like Libra. It is created to be backed by a basket of Currencies or even government securities. It is the store value will be used for payment or Currency

Mamat Rohimat
Founder TheGreatCoin